Retail Payments in Selected Countries
Author:
Publisher:
Published: 1999
Total Pages: 52
ISBN-13:
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The Payment System
Author: Tom Kokkola
Publisher:
Published: 2010
Total Pages: 369
ISBN-13: 9789289906333
DOWNLOAD EBOOK"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
General Principles for International Remittance Services
Author: Group of Ten. Committee on Payment and Settlement Systems
Publisher:
Published: 2007
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKThe Payment System
Author: Mr.Bruce J. Summers
Publisher: International Monetary Fund
Published: 1994-12-15
Total Pages: 232
ISBN-13: 9781557753861
DOWNLOAD EBOOKThis book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.
Distributed Ledger Technology Experiments in Payments and Settlements
Author: Mr.Ghiath Shabsigh
Publisher: International Monetary Fund
Published: 2020-06-24
Total Pages: 22
ISBN-13: 1513536338
DOWNLOAD EBOOKMajor transformations in payment and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks internationally. The second generation involved computerization with batch processing. Links between payment systems were made through manual or file-based interfaces. The change-over period between technologies was long and still some paper-based instruments like checks and cash remain in use. The third generation, which has been emerging, involves electronic and mobile payment schemes that enable integrated, immediate, and end-to-end payment and settlement transfers. For example, real-time gross settlement systems have been available in almost all countries. DLT has been viewed as a potential platform for the next generation of payment systems, enhancing the integration and the reconciliation of settlement accounts and their ledgers. So far, experiments with DLT experimentations point to the potential for financial infrastructures to move towards real-time settlement, flatter structures, continuous operations, and global reach. Testing in large-value payments and securities settlement systems have partly demonstrated the technical feasibility of DLT for this new environment. The projects examined analyzed issues associated with operational capacity, resiliency, liquidity savings, settlement finality, and privacy. DLT-based solutions can also facilitate delivery versus payment of securities, payment versus payment of foreign exchange transactions, and efficient cross-border payments.
Oversight Issues in Mobile Payments
Author: Tanai Khiaonarong
Publisher: International Monetary Fund
Published: 2014-07-15
Total Pages: 35
ISBN-13: 1498331572
DOWNLOAD EBOOKThis paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
The Withdrawal of Correspondent Banking Relationships
Author: Mrs.Michaela Erbenova
Publisher: International Monetary Fund
Published: 2016-06-30
Total Pages: 42
ISBN-13: 1498336531
DOWNLOAD EBOOKThis paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.
Securities Clearance and Settlement Systems
Author: Mario Guadamillas
Publisher: World Bank Publications
Published: 2001
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKHow to assess securities clearance and settlement systems, based on international standards and best practices.
A Glossary of Terms Used in Payments and Settlement Systems
Author: Committee on Payment and Settlement Systems
Publisher:
Published: 2003
Total Pages: 51
ISBN-13: 9789291971336
DOWNLOAD EBOOKThe Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve System
Publisher:
Published: 2002
Total Pages: 0
ISBN-13: 9780894991967
DOWNLOAD EBOOKProvides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
